1275 MEIGS PL NE, WASHINGTON, DC 20002 (MLS # DCDC525968)

Price $1,100,000
Status Active
Beds 0
Baths 0 Bath
Home size 2,556 sqft
Lot Size 436 sqft
Days on Market 7
This could be a great opportunity to own a freshly renovated residential multi family property in the blooming neighborhood of Trinidad. This boutique building includes a total of 3 units, and all 3 units are 3 bedrooms & 1 full bath. It could be perfect for an investor or for house hacking. Note: This listing is for the entire building, so 1275 Meigs Place includes unit #'s 3, 2, and 1. Each unit has the same exact floorplan, except unit #1 has high ceilings. They feature real hardwood floors, fresh paint, brand new carpet (in the bedrooms only), plenty of natural light, front loading stacked washer & dryer, new thermostat, new smoke & CO detectors, HVAC, hot water heater, and updated kitchen. The kitchens boast new gray cabinets, granite counter tops, and stainless steal appliances. The units also include private back doors/entrance/exit off of the kitchen. The full bathrooms include shower & tub combo, and ceramic tile flooring. The 2nd unit only has a more modern feel with an updated vanity. Each unit has a newer 30 gallon hot water heater and stacked wash & dyer. Unit 1 has a newer HVAC system. A new privacy fence was installed in 2021. All three units are vacant and could be a low maintenance investment with a solid return. As of June 2021, the rental comps are around $2,000 - $2,839 a month, per unit. The price per unit is $367k. Please run your own numbers and let me know if you have any questions. All units are separately metered for gas/electric allowing the tenants to pay their own utilities. There is one water meter into the building which can be billed back to the tenants to increase an investor's return. Each unit is @ 825 sqft.Note: The vacant homes/buildings across the street were recently sold and should be going under construction, so now is a good time to buy. There is an inoperable Intercom system for buzzing in guest. There is plenty of street parking in front of the building. In addition, this property is conveniently located near Metro, H Street corridor, Gallaudet University, Ivy City, Union Market, Retail, Entertainment, Capital bikeshare, Restaurants, Markets, Coffee shops, Gas stations, and more.
Property Type(s): Multi Family
Last Updated 6/11/2021 Year Built 2010



Additional Details

AIR Central A/C
APPLIANCES Stainless Steel Appliances
EXTERIOR Fire Escape
HEAT 90% Forced Air
INTERIOR Carpet, Dining Area, Flat, Floor Plan - Traditional, Intercom
LOT 436 sq ft
SEWER Public Sewer
STYLE End of Row/Townhouse, Federal, Unit/Flat
TAXES 3010.00
WATER Public



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